Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Dec. 31, 2022	Mar. 31, 2022
CURRENT ASSETS:
Cash	$ 3,544,508	$ 2,598,102
Accounts receivable, net of allowances for bad debts and cash discounts of $99,819 at December 31, and March 31, 2022	43,072,920	35,670,657
Inventories	97,834,103	67,946,122
Current portion of derivative assets	808,820	4,240,740
Other current assets	3,096,007	14,906,194
TOTAL CURRENT ASSETS	148,356,358	125,361,815
PROPERTY, PLANT AND EQUIPMENT:
Land	1,669,831	1,179,831
Buildings and yard improvements	30,664,230	8,581,676
Machinery and equipment	48,495,480	30,422,066
Construction in process	832,761	15,925,306
Less accumulated depreciation	(27,882,265)	(26,002,820)
Property, plant, and equipment, net	53,780,037	30,106,059
OTHER ASSETS:
Cash value of officers’ life insurance and other assets	464,892	157,248
Operating lease right-of-use asset	1,281,996	113,168
Deferred income tax asset	0	2,133,295
Income taxes recoverable	0	1,403,485
TOTAL ASSETS	203,883,283	159,275,070
CURRENT LIABILITIES:
Accounts payable and accrued expenses	42,378,677	44,803,602
Dividends payable	147,512	137,120
Contribution to retirement plan	350,000	250,000
Employee compensation and related expenses	2,258,823	1,085,676
Income taxes payable	2,631,006	0
Current portion of financing lease	106,214	104,689
Current portion of derivative liability	649,700	14,429,520
TOTAL CURRENT LIABILITIES	48,521,932	60,810,607
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	96,535	119,591
DEFERRED INCOME TAX LIABILITY	820,960	0
OTHER NON-CURRENT LIABILITIES	1,274,431	221,767
ASSET BASED LENDING FACILITY	44,510,967	18,436,457
TOTAL LIABILITIES	95,224,825	79,588,422
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, par value $1: Authorized shares — 10,000,000; Issued shares — 8,868,716 shares and 8,344,975 shares at December 31, and March 31, 2022, respectively	8,868,716	8,344,975
Additional paid-in capital	34,926,801	30,442,361
Accumulated other comprehensive loss	(846,905)	(10,268,509)
Treasury stock at cost (1,493,128 shares and 1,488,966 shares at December 31, and March 31, 2022, respectively)	(7,777,769)	(7,741,197)
Retained earnings	73,487,615	58,909,018
TOTAL STOCKHOLDERS’ EQUITY	108,658,458	79,686,648
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 203,883,283	$ 159,275,070